What's one sector growing in this bear market? It's stablecoins, and Bybit just expanded their USDC trading pairs.
Crypto derivatives exchange Bybit has partnered with stablecoin issuer Circle Internet Financial to expand its suite of spot trading pairs denominated in USD Coin — a move the company says will increase retail and institutional access to USDC-settled products.
Under the partnership agreement, Bybit will expand its USDC spot pairs to include several additional cryptocurrencies and make auto conversions between the United States dollar and USDC available, the company disclosed Wednesday. Bybit said it intends to collaborate with Circle on other initiatives to boost stablecoin and crypto adoption.A major U.S. investment bank eyes the crypto derivatives market.
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